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Montevideo, October 16th 2021 - 15:03 UTC
Argentine markets are set for another bout of nerves after the country holds a presidential election on Sunday, likely to confirm defeat for business-friendly President Mauricio Macri. Read full article
In one word Chaos
Oh sure, the markets are worried...the hint being, the sky will fall if Fernandez-Fernandez win the election!
Well: Once Alberto Fernandez is in la Casa Rosada, it is likely that sky-high interest rates and speculative short-term capital making a kill and flying away will become a thing of the past.
However, productive investments will be welcome. Oh, and Argentina will not be defaulting on its debt, as Alberto Fernandez has said time and again.
A time of new hopes begins Oct. 28.
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